Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Reveal Navigation

Boeing Received Billions in Illegal U.S. Subsidies, WTO Says Boeing Received Billions in Illegal U.S. Subsidies, WTO Says Boeing Received Billions in Illegal U.S. Subsidies, WTO Says Boeing Received Billions ...

share
This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Homepage

Boeing Received Billions in Illegal U.S. Subsidies, WTO Says

World Trade Organization says Boeing received illegal subsidies.(Stephen Brashear/Getty Images)

photo of Ben Terris
March 31, 2011

World Trade Organization judges ruled that Boeing Co., one of the world’s largest manufacturers of commercial planes, received at least $5.3 billion in illegal subsidies from the United States.

Boeing got $5.3 billion to $6 billion U.S. in subsidies between 1989 and 2006 and $3 billion to $4 billion in potential future aid based on Washington state tax measures, Bloomberg reports.

“This report shows that Boeing has received huge subsidies in the past and continues to receive significant subsidies,” EU Trade Commissioner Karel De Gucht reportedly said in a statement. “These subsidies have resulted in substantial harm to EU interests, causing Airbus to lose sales, depress its aircraft prices and unfairly lose market share to Boeing.”

 

Boeing’s largest competitor, Airbus and their parent company European Aeronautic, Defense & Space Co., said they suffered $45 billion in lost sales and lower prices due to the aid given to Boeing.

The WTO found nine months ago that Airbus had received billions of euros in government loans. The recent ruling could allow for a settlement between the two airplane manufacturers.

Get us in your feed.
 
Comments
comments powered by Disqus